HEARTH PATIO & BARBECUE EDUCATION FOUNDATION (EIN 521273644) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1981

Legal Domicile

Principal Officer

RICH SEDGWICK

Phone

7035248030

Tax Period

2023-01-01 to 2023-12-31

HEARTH PATIO & BARBECUE EDUCATION FOUNDATION, founded in 1981, is a small nonprofit in the Community Improvement sector that reported $562K in total revenue in fiscal year 2018. Expenses of $505K left a modest 10% surplus.

Mission

HEARTH, PATIO AND BARBECUE EDUCATION FOUNDATION PROMOTES SAFETY AND PERFORMANCE THROUGH EDUCATION, TRAINING AND CERTIFICATION TO INDUSTRY PROFESSIONALS. OUR SERVICES PROVIDE A COMPETITIVE EDGE AND A LEVEL OF EXPERTISE THAT LEAD TO BETTER BUSINESS PRACTICES AND PROFITABILITY.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $662,776

Investment Income $13,779

Other Revenue $0

TOTAL REVENUE $676,555

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $595,861

Other Expenses $819,210

TOTAL EXPENSES $819,210

Year-over-Year Comparison

	2023	2022	Change
Revenue	$676,555	$637,557	+0.1%
Expenses	$819,210	$696,871	+0.2%
Net Income	$-142,655	$-59,314	+1.4%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

Governance Policies

✗ Conflict of Interest Policy

✗ Whistleblower Policy

✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ROBERT WISE	PRESIDENT	2.00	Officer Director	$0	$0	$0
EUGENE LAFLAMME	VICE PRESIDE	2.00	Officer Director	$0	$0	$0
STEVE PENATZER	TREASURER	2.00	Officer Director	$0	$0	$0
ROB CACKOWSKI	SECRETARY	2.00	Officer Director	$0	$0	$0
ZIGI GADOMSKI	DIRECTOR	2.00	Director	$0	$0	$0
RONALD SEGARS JR	DIRECTOR	2.00	Director	$0	$0	$0
ERIC HALDEMAN	DIRECTOR	2.00	Director	$0	$0	$0
JEFF KITE	DIRECTOR	2.00	Director	$0	$0	$0
JOSLYN TENG	DIRECTOR	2.00	Director	$0	$0	$0

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2024	No data	No data	No data	No data
2023	$676,555	$819,210	$670,984	$-142,655
2022	$637,557	$696,871	$890,010	$-59,314
2021	$600,912	$421,253	$913,238	$179,659
2020	$519,606	$496,841	$707,177	$22,765
2019	$533,112	$537,544	$726,594	$-4,432
2018	$562,338	$504,835	$599,562	$57,503

HEARTH PATIO & BARBECUE EDUCATION FOUNDATION